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Home / Metal News / SMM Brief Review - 2012/3/5 SHFE Lead Futures

SMM Brief Review - 2012/3/5 SHFE Lead Futures

Mar 5, 2012 15:51

On Monday, SHFE lead prices opened at RMB 16,160/mt and then hovered weakly at the level.

SHANGHAI, Mar. 5 (SMM) – On Monday, SHFE lead prices opened at RMB 16,160/mt and then hovered weakly at the level. Later, China cut its projected economic growth for 2012 to 7.5%, much lower than the figure a year earlier, causing market concerns over Chinese economic prospects. As a result, SHFE lead prices fell to close at RMB 16,130/mt, down RMB 20/mt. Market players were waiting for more policies and remained cautious. Traded volumes decreased by 380 lots to 74 lots and positions were down 28 lots to 1,708 lots.

SHFE lead

lead price

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